451 Timothy St
Central Newmarket, Newmarket, L3Y 1P7
FOR SALE
$1,450,000
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BEDROOMS3
BATHROOMS3
KITCHENS10
ROOMSN7315834
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Property Description
Rare & Unique Opportunity To Own a Legal Triplex in Central Downtown Newmarket (Zoning R3)! Live in One Luxurious Unit While The Other Two Units Pay For Your Mortgage & Expenses. Updated Throughout- Hardwood Floors, Updated Kitchens & Baths. This Home Boasts Impressive Cabinetry & Design, Imported Tiles, Crown Moulding, Pot Lights, Stone Counters/Centre Islands, Updated Modern Baths, Lighting, High Baseboards, and Cathedral Ceilings. Each Unit - Offers Its Own Private Laundry & Outdoor Living Area. 5 Car Parking. Cozy Front Covered Porch, Upper Back Deck, 2 Central Air Conditioning Units, 2 Separate Furnaces, Updated Insulation (2014), Plumbing, Wiring Upgraded -Too Many Features To List! Walk To Trendy Downtown Newmarket- Restaurants, Cafes, Pubs, Shops, Riverwalk Commons (Splash Pad, Concerts, Ice Rink, Farmers Market), Fairy Lake, Trails. Only Mins to Hospital, GO, Public Transit, Upper Canada Mall, HWY's- Don't Miss This Opportunity To Live In One Of Newmarket's Most Sought Areas! Compare this to other fully detached homes in the area! Great Value- Great Location!
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Extras
Zoned R3 (MPAC) Legal Triplex, Income Potential Approx $72k per year based on current market rent rates for similar units.* Basement Low ceilings- Being used for storage currently.
Nearby Intersections
Bayview & Mulock (34)
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Property Details
Street
Community
City
Property Type
Triplex, 2-Storey
Lot Size
27' x 124'
Fronting
North
Taxes
$7,310 (2023)
Basement
Full
Exterior
Wood
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
5
Driveway
Other
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 13.12' x 23.62' | Hardwood Floor, Stone Counter, Centre Island |
| Living | Main | 13.12' x 23.62' | Hardwood Floor, Renovated, Open Concept |
| Prim Bdrm | Main | 10.76' x 12.99' | Hardwood Floor, Double Closet, Large Window |
| Den | Main | 9.42' x 9.35' | Hardwood Floor, Combined W/Laundry |
| Kitchen | 2nd | 17.72' x 19.36' | Hardwood Floor, Centre Island, Open Concept |
| Living | 2nd | 17.72' x 19.36' | Hardwood Floor, Large Window, Combined W/Kitchen |
| Prim Bdrm | 2nd | 11.61' x 12.01' | Hardwood Floor, 3 Pc Ensuite, Separate Shower |
| Kitchen | Upper | 16.57' x 16.86' | Hardwood Floor, Centre Island, Stone Counter |
| Living | Upper | 16.57' x 16.86' | Hardwood Floor, Open Concept, W/O To Deck |
| Prim Bdrm | Upper | 11.15' x 14.11' | Hardwood Floor, 3 Pc Ensuite, Cathedral Ceiling |
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Newmarket Market Statistics
Newmarket Price Trend
451 Timothy St is a 4-bedroom 3-bathroom home listed for sale at $1,450,000, which is $8,400 (0.6%) higher than the average sold price of $1,441,600 in the last 30 days (March 29 - April 27). During the last 30 days the average sold price for a 4 bedroom home in Newmarket increased by $2,513 (0.2%) compared to the previous 30 day period (February 28 - March 28) and up $10,267 (0.7%) from the same time one year ago.Inventory Change
There were 89 4-bedroom homes listed in Newmarket over the last 30 days (March 29 - April 27), which is up 56.1% compared with the previous 30 day period (February 28 - March 28) and up 64.8% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Newmarket typically sold ($3,169) (0.2%) below asking price over the last 30 days (March 29 - April 27), which represents a $19,476 decrease compared to the previous 30 day period (February 28 - March 28) and ($9,267) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Newmarket over the last 30 days (March 29 - April 27) stood at 56.2%, down from 71.9% over the previous 30 days (February 28 - March 28) and down from 72.2% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in Newmarket stood at 26 days when successfully sold over the last 30 days (March 29 - April 27), compared to 22 days before being removed from the market upon being suspended or terminated.Listing contracted with Main Street Realty Ltd.
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